The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, lost 6.3 basis points to 1.714 percent Thursday.
The seven-day rate went down 10.6 basis points to 2.042 percent, the one-month rate stayed flat at 2.429 percent, and the one-year rate edged down 0.3 basis points to 2.734 percent.
Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded. Enditem
